About I-Logix
I-Logix is a company based in Andover (United States) founded in 1987, and was acquired by Telelogic in March 2006. It operates as a systems engineering software tools were developed for modeling applications. I-Logix has raised $13.5 million across 2 funding rounds from investors including Telelogic, North Bridge Venture Partners and ABS Ventures. I-Logix offers products and services including Payment Orchestration and Payment Gateway. Its legal entity is FreedomPay.
Company details
I-Logix was founded in 1987 in Andover, United States, focusing on the software industry. Tools for systems engineering and real-time modeling were created, supporting design and simulation processes. Operations centered on providing solutions for embedded systems and complex product development. Services included software platforms like Statemate, used in aerospace and automotive sectors. The company was later acquired by Mentor Graphics in 2006.
- Headquarters Andover, United States
- Website ilogix.com
- Social LinkedIn
- Acquired by Telelogic (Mar 2006)
- Legal Name Freedompay
Products & Services of I-Logix
I-Logix offers a comprehensive portfolio of products and services, including Payment Orchestration and Payment Gateway.
Payment orchestration is offered as a unified system that is used to navigate complexities in modern commerce, ensuring omnichannel readiness and operational efficiency
A payment gateway is provided to facilitate secure and rapid transaction processing, which is integrated with various systems for enhanced connectivity and speed
Funding Insights of I-Logix
I-Logix has successfully raised a total of $13.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10.5 million completed in November 1999. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $13.5M
- Total Rounds 2
- Last Round Series B — $10.5M
- First Round $3M
(Sep 1998)
- Investors Count 5
All 2 funding rounds of I-Logix with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 1999 | $10.5M | Series B | – | – | |
| Sep 1998 | $3M | Series A | – | – |
6 investors in total: 6 institutional.
Investors in I-Logix
I-Logix has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Telelogic, North Bridge Venture Partners and ABS Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US focused seed to growth stage VC firm | – | northbridge.com | Needham, United States | |
Venture capital firm | – | absventures.com | Waltham, United States | |
Private equity fund investing in the healthcare sector | – | oneliberty.com | Boston, United States | |
Tech & offline focused VC firm investing in early & growth stage startups in the US | – | commonwealthvc.com | Woburn, United States | |
Private equity and accelerator investments are directed toward multiple sectors. | – | riveancapital.com | Brussels, Belgium | |
ALM software solutions were provided for integrated development. | 1983 | telelogic.com | Malmo, Sweden |
Investor details for I-Logix
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of I-Logix
4 dated milestones of I-Logix across 19 years, from founding to its latest funding, stage changes and deals.
- Founded I-Logix is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series B, of $10.5M.
- Exit Acquired by Telelogic.
Web traffic of I-Logix
Websites that share an audience with I-Logix (ilogix.com).
Websites whose visitors overlap most with I-Logix. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| visual-paradigm.com | 100% | 1.9M | #27,731 | View details |
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Frequently Asked Questions about I-Logix
I-Logix was founded in 1987 and raised its 1st funding round 11 years after it was founded.
I-Logix is headquartered in Andover, United States. It is registered at Andover, Massachusetts, United States.
I-Logix is a funded company, having raised a total of $13.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Sep 1998.
I-Logix was founded in 1987 in Andover, United States, focusing on the software industry. Tools for systems engineering and real-time modeling were created, supporting design and simulation processes. Operations centered on providing solutions for embedded systems and complex product development. Services included software platforms like Statemate, used in aerospace and automotive sectors. The company was later acquired by Mentor Graphics in 2006.
I-Logix offers Payment Orchestration and Payment Gateway.
I-Logix has 6 investors. Key investors include Telelogic, North Bridge Venture Partners, ABS Ventures, One Liberty Ventures, and Commonwealth Capital Ventures.
I-Logix operates through Freedompay.
Yes. I-Logix was acquired by Telelogic in March 2006.